Author: NBTC

Ethereum’s bullish momentum has weakened after breaching the middle trendline of a multi-month descending channel, resulting in muted sideways price action. This consolidation phase could lead to a pullback, potentially setting up the stage for the next leg of the bullish trend. Technical Analysis By Shayan The Daily Chart Ethereum experienced a surge driven by increased buying activity in the perpetual and spot markets, breaking above the crucial $2.5K resistance level. This breakout signals buyers’ intent to push ETH toward its yearly high of $4K despite the prevailing bearish sentiment over the past few months. Currently, Ethereum’s price is consolidating…

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Leverage Shares has launched the first leveraged and inverse exchange-traded product tied to the performance of MicroStrategy stock. These new investment products, now available on the London Stock Exchange, include the 3x Long MicroStrategy exchange-traded product (ticker symbol ‘$MST3’) and the 3x Short MicroStrategy exchange-traded product (ticker symbol ‘$MSTS’). For investors unfamiliar with ETPs, they are financial instruments that track the performance of an asset, such as stocks — in this case, MicroStrategy’s stock. The 3x long exchange-traded product allows investors to triple the gains (or losses) of MicroStrategy’s stock, while the -3x short exchange-traded product lets investors profit if…

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Sept 24 (Reuters) – The U.S. Department of Justice sued Visa (V.N, opens new tab for alleged antitrust violations on Tuesday, accusing one of the world’s largest payment networks of suppressing competition by threatening merchants with high fees and paying off potential rivals. Visa processes more than 60% of debit transactions in the U.S., bringing it $7 billion each year in fees collected when transactions are routed over its network, the Justice Department said. The company protects that dominance through agreements with card issuers, merchants, and competitors, prosecutors allege. The bid to tackle the fees, sometimes known as swipe fees…

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Ocean Labs, a prominent decentralized data exchange protocol, announces its new collaboration with Zero1 Labs to enhance the performance of AI solutions and data privacy. Zero1 Labs is known for empowering next-gen decentralized AI developers, and will now incorporate its expertise to enhance AI security. Both FinTech firms have intimated their user communities about this groundbreaking collaboration through social media X posts. Collab alert! 🚨 We’re teaming up with @Zero1_labs to empower the future of decentralized AI and data services! 🤝 What’s in it for you? With Ocean’s data tokenization and marketplace tech, Zero1 Labs projects can now securely access,…

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Bitcoin nears its all-time high of $73,737, with 93% of holders in profit; minimal resistance and bullish sentiment confirm the potential for further gains. In a recent post on X, analytic platform IntoTheBlock highlighted that almost all Bitcoin holders are now profitable, indicating a favorable market sentiment and minimal on-chain resistance. This emerged as Bitcoin briefly reclaimed the $70K threshold a few hours ago before settling at around $68K. At this price, 93% of Bitcoin holders are in profit, with only 2% at a loss, while 5% are neither in loss nor profit. The image accompanying the update from IntoTheBlock…

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Ethereum’s ability to host a wide-range of applications and assets has been evident for years, but the investment case for its native token, ETH, has become increasingly complex. In the wake of key protocol changes, particularly the hardforks activating EIP-1559 and EIP-4844, investors are asking how Ethereum’s adoption will translate into ETH’s long-term value. While the platform has scaled, the relationship between its growth and ETH’s supply and demand — and thus its price — is no longer as straightforward as it once seemed. You’re reading Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the…

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On September 25, Morocco unveiled its Digital 2030 strategy which aims to transform Morocco into a digital leader and boost its digital economy using AI, DLT (Distributed Ledger Technology), cloud services, and an ecosystem that supports innovative startups. Moroccan digital 2030 strategy to continue $10.35 billion to GDP As per the strategy, the country seeks to create 240,000 jobs in the digital sector by 2030, which it expects will contribute 100 billion dirhams ($10.36 billion dollars) to the country’s gross domestic product while increasing digital export revenues to 40 billion dirhams ($4.15 billion). The strategy also aims to improve Morocco’s…

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X-2-Earn apps are VeChain’s approach to a potential $16 trillion tokenization market. They allow users to earn B3TR tokens for their small everyday actions towards sustainability. Any dApp can apply to join the VeBetterDAO ecosystem and would become eligible to receive funds from the next allocation round. Sustainability is a thriving market, with some studies valuing the sector at $16.5 billion last year and projecting that it will hit $90 billion by 2032. But beyond the mere industry numbers, sustainability determines the future we leave for the next generation, and it encompasses every little action we undertake daily. VeChain has…

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The long-standing Ripple-SEC lawsuit is inching toward its final stages, with intense speculation about a potential appeal from the U.S. SEC. The case, which has captivated the crypto world, could be far from over, as experts predict a 75% chance of the SEC appealing certain rulings. The anticipation has the XRP community buzzing, with the possibility of an extended legal battle looming. Following the rumors, XRP is trading at $0.5866, with its volume down 11% to $928.86 million. It hit a 24-hour high of $0.5908, while XRP Futures Open Interest rose 1%, signaling positive market sentiment. 🚨 #Ripple just executed…

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Visa has created a new platform in a bid to help financial institutions issue fiat-backed tokens and test out their use cases. The payments giant’s guidance to banks exploring this space is part of a broader effort to create global standards that ease interactions between such entities, Visa executives noted. As more real-world assets — from real estate to debt securities — come onto blockchains, there’s a growing need to bring more forms of cash onto those rails to trade them, said Visa crypto head Cuy Sheffield. “We think that creates a significant opportunity for banks to issue their own…

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